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Will Hiring Veteran COO Peter Norgeot Reshape Algonquin Power & Utilities' (TSX:AQN) Operational Discipline?

Simply Wall St · 3d ago
  • Algonquin Power & Utilities Corp. recently appointed industry veteran Peter Norgeot as Chief Operating Officer, effective January 5, 2026, to lead its regulated electric, gas, and water utility operations and capital execution efforts.
  • By bringing in a former Entergy COO with extensive multi-jurisdictional experience in large customer-focused capital programs, Algonquin is underscoring its commitment to operational excellence, safety, and performance consistency across its utility network.
  • Next, we’ll examine how Norgeot’s operational track record and focus on disciplined capital deployment may influence Algonquin’s existing investment narrative.

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Algonquin Power & Utilities Investment Narrative Recap

To own Algonquin today, you need to believe its shift to a pure-play regulated utility can translate into better earned returns and more predictable earnings, despite recent execution and regulatory challenges. The COO appointment looks directly tied to the most pressing near term issue: fixing operational inefficiencies, including SAP-related customer and billing problems, which connect closely to the gap between allowed and earned ROE. The biggest risk remains that these operational fixes take longer or cost more than investors expect.

The most relevant recent development alongside the COO hire is the broader leadership overhaul, including the incoming CFO, which collectively points to a top down effort to tighten capital deployment and improve rate case execution. For investors watching Missouri and other key regulatory files, this leadership bench matters because better preparation, data quality, and systems performance can influence the timing and outcomes of future rate decisions.

Yet while new leadership may help, investors should also be aware of ongoing SAP implementation issues and the risk that...

Read the full narrative on Algonquin Power & Utilities (it's free!)

Algonquin Power & Utilities' narrative projects $2.6 billion revenue and $447.9 million earnings by 2028. This requires 3.4% yearly revenue growth and about a $377 million earnings increase from $70.9 million today.

Uncover how Algonquin Power & Utilities' forecasts yield a CA$8.33 fair value, a 3% downside to its current price.

Exploring Other Perspectives

TSX:AQN 1-Year Stock Price Chart
TSX:AQN 1-Year Stock Price Chart

Seven fair value estimates from the Simply Wall St Community span roughly CA$7.00 to CA$18.50, showing how far apart individual views on Algonquin’s worth can be. Against that backdrop, the focus on closing the gap between allowed and earned ROE gives you a concrete operational lens to compare these valuations and consider how execution could shape the company’s longer term performance.

Explore 7 other fair value estimates on Algonquin Power & Utilities - why the stock might be worth 19% less than the current price!

Build Your Own Algonquin Power & Utilities Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.